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EPA:KER 27 October 2025 - 27 June 2026

Saks Bankruptcy Exit Gives Exemplar 49 Stores, Faces $9 Billion Sales Target

Saks Bankruptcy Exit Gives Exemplar 49 Stores, Faces $9 Billion Sales Target

Exemplar Luxury Group, which used to be called Saks Global, finished its bankruptcy process on Friday. The company now has fewer stores and a new name. Suppliers are facing a new challenge: Exemplar, which owns Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, is looking to reach a $9 billion sales target using just 49 luxury stores. Saks Global said it wrapped up restructuring under new owners, slashing debt by nearly 75%. The company said it now has enough liquidity and support from capital partners. According to ABC News, which cited the Associated Press, Saks Global also secured $500 million in additional financing.
27 June 2026
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Watches and Wonders 2026: Rolex, Patek And Cartier Meet Luxury’s Gulf Shock

Watches and Wonders 2026: Rolex, Patek And Cartier Meet Luxury’s Gulf Shock

Watches and Wonders Geneva entered its last stretch of public days on Sunday, with brands like Rolex and Patek Philippe unveiling fresh releases. But action outside the halls stole the spotlight: the Middle East conflict is now weighing on one of luxury’s rare dependable growth engines. The event, held at Palexpo, runs from April 14 to April 20 and is open to the public Saturday through Monday, the organizer said. The Gulf has lately served as a backstop for luxury brands struggling with softer demand out of China and Europe. But in March, Reuters flagged steep sales drops—between 30% and 50%—at Dubai’s Mall of the Emirates. Foot traffic at that location slid 15%. The larger Dubai Mall saw traffic cut roughly in half, while sales at Abu Dhabi’s Galleria slipped about 10%.
19 April 2026
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Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Saks Global, which owns Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy protection late Tuesday. This marks one of the largest U.S. retail failures since the pandemic. Chapter 11 allows the company to continue operating under court oversight while it works on restructuring its debt. The bankruptcy follows Saks missing a $100 million interest payment due on Dec. 30, connected to the 2024 Neiman Marcus acquisition. This has intensified pressure on vendor ties and slowed merchandise delivery to stores. “They borrowed a lot more money than they should have for a company that isn’t growing,” said Tim Hynes, global head of credit research at Debtwire.
14 January 2026
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Euronext Paris Shocks Markets with Historic Roots, Surging Stocks & Bold 2025 Moves

CAC 40 Near Record High, Defies Moody’s Warning as Luxury Stocks Rally

The CAC 40 index was essentially flat on Monday, closing around 8,230 points – a negligible change on the dayrttnews.com. This keeps the Paris benchmark within sight of its all-time high reached just days agofastbull.com. Last week, the CAC 40 briefly notched fresh record levels amid strong earnings reports and improving economic signals. It closed at 8,226 on Friday, ending the week modestly higherfastbull.com despite some mid-month volatility. The index has now gained roughly 10% in 2025 so farts2.tech, reflecting robust momentum as investors look past recent headwinds. Recent momentum: France’s blue-chip index has rallied on the back of cooling inflation and optimism around tech. Easing price pressures and an AI-driven tech boom have helped the CAC 40 climb steadily this yearts2.tech. As a result, the index is up about 13% from a year ago and only a few percent below its historic peakts2.tech. In fact, the CAC 40 spent much of Monday flirting with record territory, buoyed by company earnings and global risk-on sentiment. Traders note that Paris stocks have proven resilient through recent global market swings, rebounding quickly from an early-October selloff tied to U.S.-China trade fears.
27 October 2025
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